Filing Flows › Dawson Geophysical (DWSN) › Q2 2025
Dawson Geophysical (DWSN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Dawson Geophysical (DWSN) reported revenue of $9.9M for the second quarter 2025 (Q2 2025), -21% from a year earlier and -39% from the quarter before. Operating margin was -24.1%, net loss $2.3M (23.8% of revenue).
Dawson Geophysical, Q2 2025: revenue $9.9M (-21% year over year), operating margin -24.1%, net loss $2.3M, operating cash flow $14.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.9M | -39% | -21% |
| Operating profit | −$2.4M | -329% | — |
| Net earnings | −$2.3M | -337% | — |
| Operating cash flow | $14.9M | +749% | +151% |
What changed
Revenue was $9.9M in Q2 2025, down 21% year over year and down 39% from the previous quarter. Fee Revenue was the largest line at 89% of revenue. Reimbursable Revenue lost $3.1M year over year (down 73%), 115% of the total change.
Operating costs exceeded revenue by $2.4M, an operating margin of -24.1%. Total costs fell 25% while revenue fell 21%. The quarter ended with a net loss of $2.3M, after a profit of $1.0M the previous quarter.
Operating cash flow was $14.9M (up 151% year over year). Non-cash charges added back $1.2M of depreciation and amortization and $43K of share-based compensation. Working capital and other items added $16.0M.
Questions
What was Dawson Geophysical's revenue in the second quarter 2025?
Dawson Geophysical (DWSN) reported revenue of $9.9M for the second quarter 2025 (Q2 2025), -21% from a year earlier and -39% from the quarter before.
Was Dawson Geophysical profitable in the second quarter 2025?
Operating loss was $2.4M (-24.1% of revenue) and net loss $2.3M.
Source: Dawson Geophysical 10-Q on SEC EDGAR.